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Maybe Bill only gets $250k a year bonus and instead of $500k and sticks it out with JP Morgan....things turn around and Bill goes back to normalcy after a few years. Your article just said the Bonuses went down....not that they were eliminated.
Let's look at another Scenario...We'll take an IT guy and will Call him "Kevin". Kevin works for a company where he is the Only server/network guy there.
Kevin works until 3 am some nights fixing the servers and databases of people like Bill who don't know how to play well with their equipment. Some mornings Kevin's home phone rings from the Office in the UK and wakes his wife...he goes in at 4 AM to fix problems for these people. Kevin Works Weekends. Kevin does not make close to $100k a year and he does not recieve a Bonus, to help with the added stress of Weekends, late nights and early morning hours as well as the responsibility of all of the Corporate data.
Kevin keeps network running at over 99% availability for 7 years....only misses 1 day of work in said 7 years. Kevin then gets laid off so Company doesn't have to spend $40k on new server room, Bill continues to make his $500k Bonus.
Kevin has NO sympathy for Bill, Lenny, Bill's nanny, Bill's landscaper...or the employees at the Marina, Health or Golf Clubs. Kevin worries about his wife and kids....period
if Bill decides to Go to Brigham and Womens to be an administrator then So be It.....he can also go to any number of Companies, Even other Investment firms that will appreciate his Cream of the Crop Status, and do Sales and work hard to keep his lifestyle.....Once Again Capitalism at Work.
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